TransUnion ResidentScore℠ predicts the likelihood of an eviction to reduce your bad debt. What can this mean for you?
- Less time on collections
- Units in better condition at move out
- Reduced involuntary turnover
- More NOI
ResidentScore has been able to predict evictions up to 15% better than a generic scoring model — ensuring your business doesn’t miss out on great residents.
Did you know you could have an applicant who doesn’t qualify for a mortgage loan, but would still be one of your best residents and always pay their rent on time?
This is a great example of why utilizing our unique ResidentScore℠ through TransUnion ResidentScreening is important. While a standard credit score may not indicate that they’re a good risk for a mortgage loan, our industry specific ResidentScore could indicate that they’re a qualified candidate for a rental property, which is a distinction that you don’t want to miss.
Using TransUnion ResidentScore also means that you’re:
- Using a score that was built with actual outcomes from the industry
- Able to predict within specific property type: affordable, student or senior
Know that you’re ahead of the curve!
When you use scores that predict non-rental outcomes, you’re most likely guessing what those scores will determine in a rental situation. Relying on ResidentScore allows you to eliminate the guesswork and get the edge on the competition with the specific insights needed to reduce your risk and gain better residents.